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News: LVT Livetiles Announces Legal Proceedings Against Certain Units Have Been Settled

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    21/10/20
    17:30
    Post #: 48277502

    Oct 21 (Reuters) - Livetiles Ltd (LVT) :

    • ANNOUNCES THAT LEGAL PROCEEDINGS AGAINST CERTAIN UNITS HAVE BEEN SETTLED
    • WILL PAY A$8.445 MILLION TO PLAINTIFFS
    • CO-FOUNDERS WILL TRANSFER A TOTAL OF 16.3 MILLION ORDINARY SHARES IN CO TO A NOMINEE OF PLAINTIFFS
    • SETTLEMENT IS WITHOUT ANY ADMISSION OF LIABILITY BY LIVETILES
    • NOW HAS NO UNRESOLVED LITIGATION AGAINST ANY UNITS OR OFFICERS
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